Santander’s digital transformation and targeted deployment of artificial intelligence helped it achieve record profits in the first half, the bank said in a Wednesday (July 22) earnings release. The bank’s underlying profit rose 15% to reach a record 7.3 billion euros (about $8.3 billion) in...
Capital One’s Discover integration dominated discussion during the second-quarter earnings call, alongside new initiatives, with the bank testing Capital One credit cards on the Discover network while continuing to spend on technology and artificial intelligence (AI). The company’s results on Tuesday (July 21) indicated that credit...
Hasbro’s strongest growth in the second quarter came from an audience most toy companies chase last: adult collectors, hobby gamers and longtime fans. For example, revenue in the Wizards of the Coast and Digital Gaming segment increased 27%, led by the Magic: The Gathering trading...
KeyCorp made gains across its priority growth businesses of investment banking, commercial payments and wealth management in the second quarter, Chairman, CEO and President Chris Gorman said Tuesday (July 14). The bank’s investment banking pipelines grew 9% over the previous quarter, its commercial payments business...
The prevailing narrative says the consumer, squeezed by inflation, higher gas prices and a steady sense of uncertainty, is ready to pull back. Synchrony’s second-quarter results point in a more optimistic direction. People are still using their cards, and much of the growth is coming...
After seeing early productivity gains from its implementation of artificial intelligence and agentic-based solutions across its internal processes, Equifax doubled its forecast of the cost savings it expects to see over the next three years, according to a presentation released Tuesday (July 21) in conjunction...
Regions Financial Corp. reported continued growth in customers’ digital usage and transactions during the second quarter, with President, CEO and Chairman John M. Turner highlighting its online banking and mobile app offerings as “key initiatives that are central to our long-term strategy.” Speaking during a Friday (July 17) earnings call, Turner said...
Fifth Third Bancorp is seeing early results of its merger with Comerica, is making progress on the integration and is set to launch its systems conversion over Labor Day weekend, Fifth Third Chairman, CEO and President Tim Spence said Friday (July 17) during a second-quarter earnings call. “When we...
Truist’s second quarter displayed a range of puts and takes shaping consumer banking. Customers kept spending, mobile activity rose and credit losses eased, while the movement of cash into higher-yielding accounts continued to raise funding costs. The quarter also marked Bill Rogers’ final earnings call...